StockNews.com Initiates Coverage on Fluent (NASDAQ:FLNT)

Equities research analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT - Get Free Report) in a report issued on Thursday. The brokerage set a "hold" rating on the stock.

Separately, Canaccord Genuity Group set a $3.50 target price on shares of Fluent and gave the company a "hold" rating in a report on Friday, February 28th.

Fluent Trading Up 12.4 %

FLNT opened at $2.44 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 52 week low of $2.01 and a 52 week high of $4.30. The business's 50 day moving average is $2.38 and its two-hundred day moving average is $2.69. The firm has a market cap of $50.37 million, a price-to-earnings ratio of -1.36 and a beta of 2.13.

Fluent (NASDAQ:FLNT - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.09. The business had revenue of $65.41 million for the quarter, compared to analysts' expectations of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. On average, research analysts predict that Fluent will post -1.82 EPS for the current year.

Institutional Investors Weigh In On Fluent

Large investors have recently modified their holdings of the stock. Intelligence Driven Advisers LLC acquired a new position in Fluent in the 4th quarter valued at $66,000. CacheTech Inc. purchased a new stake in shares of Fluent in the fourth quarter valued at about $76,000. Geode Capital Management LLC increased its stake in shares of Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company's stock worth $233,000 after acquiring an additional 19,238 shares during the period. 4WEALTH Advisors Inc. purchased a new position in Fluent during the fourth quarter worth about $576,000. Finally, Tieton Capital Management LLC raised its holdings in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company's stock worth $2,676,000 after purchasing an additional 216,877 shares in the last quarter. Hedge funds and other institutional investors own 23.33% of the company's stock.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.

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